The monthly inflation rate in Argentina declined to 3.7 percent in December 2019 from 4.3 percent in the previous month and compared to market expectations of 4.2 percent. Prices eased for food & non-alcoholic beverages (3.1 percent from 5.3 percent in November); recreation & culture (2.4 percent from 3.4 percent); miscellaneous goods & services (3.6 percent from 4.9 percent); clothing & footwear (2.4 percent from 4.4 percent). In contrast, cost advanced further for transport (5.0 percent from 4.6 percent); housing & utilities (2.1 percent from 1.5 percent), and furnishings & household equipment (5.4 percent from 0.6 percent). Meanwhile, inflation for restaurants & hotels stood unchanged at 3.3 percent. In the Great Buenos Aires region, prices rose 3.8 percent, slowing from a 4.1 percent gain in November. On an annual basis, the inflation rate in Argentina was at 53.8 percent, its highest in 28 years.
Inflation Rate Mom in Argentina averaged 2.46 percent from 2014 until 2019, reaching an all time high of 6.50 percent in April of 2016 and a record low of 0.20 percent in August of 2016. This page provides the latest reported value for - Argentina Inflation Rate MoM - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. source: Instituto Nacional de Estadística y Censos (INDEC)
Inflation Rate Mom in Argentina is expected to be 4.30 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Inflation Rate Mom in Argentina to stand at 2.80 in 12 months time. In the long-term, the Argentina Inflation Rate MoM is projected to trend around 2.30 percent in 2020, according to our econometric models.